Crypto Exchange Deribit Loses $28 Million To Cybercriminals
Deribit, a leading cryptocurrency futures and exchange, becomes the first victim of crypto hackers for November 2022 as its hot wallet was drained of $28 million. The cyber attack affected the exchange’s Bitcoin, Ethereum and USDC hot wallets. The company, however, has already given its assurance to immediately compensate the losses with the use of […]
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The world’s largest bitcoin options exchange, Deribit, was hacked for close to $28 million, according to an update from the company’s official Twitter account on Nov. 2. Deribit says that the firm’s hot wallet was drained just before midnight the day prior. Crypto Derivatives Exchange Deribit Loses $28 Million — Company Says Customer Funds Are Safe and Business ‘Remains in a Financially Sound Position’ In terms of open interest and volume tied to bitcoin (BTC) and ethereum (ETH) options, Deribit has been the leading crypto options exchange for....
Crypto exchange Deribit halted withdrawals following a hot wallet hack where hackers got away with $28 million in stolen funds. Major cryptocurrency derivatives exchange Deribit has halted withdrawals after suffering a $28 million hot wallet hack.Deribit exchange got its hot wallet compromised before midnight UTC on Nov. 1, the firm reported on Twitter.The exchange emphasized that client funds are safe as losses are covered by Deribit’s reserves, stating:“Client assets, Fireblocks or any of the cold storage addresses are not affected. It's company procedure to keep 99% of our user funds....
Cryptocurrency futures exchange Deribit has partnered with CryptoTaxCalculator in a bid to simplify tax reporting for traders. The CTC tool is easy to use and can directly import transaction data from Deribit and automatically generate your tax reports. With tax season upon us, the deadline being May 17 for US citizens, CryptoTaxCalculator has an enticing […]
The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan. In the aftermath of the $28 million Deribit hack, the unknown exploiter is moving stolen funds using the decentralized cryptocurrency mixer, Tornado Cash.The Deribit hot wallet hacker has transferred a total of 1,610 Ether (ETH), or around $2.5 million, to Tornado Cash, according to data from the Ethereum block explorer Etherscan.The funds were transferred in 17 transactions, with the first outgoing transaction occurring on Nov. 5 —just....
The creditors of Three Arrows Capital may be left holding the bag, according to a source who claims the hedge fund's exposure to Deribit is only worth $25 million. Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit. In a 1,100-page affidavit composed by liquidator Russell Crumpler and filed in a British Virgin Islands court, 3AC was described as “insolvent” and in need of being completely “wound up”....